World events vs SA... no contest.Yesterday and today I managed a 10 per cent increase in my SA holdings via intraday buys and sells after recognizing that a selling trend would continue due to the almost bizarre and relentless parade of events that took place in the last week: the Indonesian mining and investment propaganda piece, the "bonus prize" J3 not too interesting, the market downturns/corrections in Asia and North America and then gold itself hitting a 3 month low: a series of individually weak punches that collectively brought about a correction that didn't seem likely to materialize earlier this week.
Selodong itself has a series of knockout blows waiting to be unleashed and there's still no better gold stock than SA to be holding in one or two weeks' time (when gold itself will be racing back up IMO). Comparitively, the hot stocks of yesterday and today will be correcting like this just when SA's hole #3 fever is in full swing.
SA will be flying high again in no time and... I refuse to sell off as I did in the .40s and watched it revisit the low .30s, thinking I played it right until... whamo!! she flew and I wasn't on board...